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Litecoin ETF Momentum Builds: Is a $200 Breakout Imminent?

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  • Litecoin ETF appeared on the DTCC platform, increasing speculation about approval.
  • Analysts predict Litecoin could surge past $200 if the ETF gets approval.
  • Bloomberg’s Eric Balchunas confirmed the listing shows issuer preparations.

The momentum for a Litecoin ETF is gaining strength, with a new listing appearing on the Depository Trust & Clearing Corporation (DTCC). The Canary ETF, under the ticker LTCC, has raised expectations of an imminent approval, fueling optimism among investors. Analysts predict that Litecoin’s price could surge past $200 if regulatory approval and market trends align.

Litecoin ETF Gains Momentum with DTCC Listing

The appearance of Canary’s Litecoin ETF on the DTCC platform has stirred discussions about its potential approval. Industry experts suggest that this listing indicates significant progress, though it does not confirm immediate trading availability. The market remains watchful, anticipating regulatory updates that could impact Litecoin’s trajectory.

Bloomberg’s senior ETF analyst Eric Balchunas noted that the listing reflects the issuer’s preparations for future trading. He emphasized that while it does not guarantee approval, it demonstrates a step forward in the process. The development follows growing demand for crypto-based investment products amid a broader push for regulatory clarity.

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Source: X

Nate Geraci, President of the ETF Store, compared this to the earlier stages of Bitcoin ETF approval. He pointed out that similar signs preceded Bitcoin’s regulatory acceptance, further increasing expectations for Litecoin’s ETF. Analysts believe this could make Litecoin more accessible to traditional investors, potentially driving higher demand.

Approval Odds and Market Confidence

Recent estimates place Litecoin ETF approval odds at 90%, surpassing projections for Solana and XRP-based ETFs. Market observers attribute this high probability to Litecoin’s established reputation and past regulatory resilience. If approved, the ETF would allow investors to gain exposure to Litecoin without direct cryptocurrency ownership.

CoinShares has officially filed to list a Litecoin ETF on Nasdaq, with the SEC currently reviewing the proposal. If approved, this would mark a significant milestone, integrating Litecoin further into mainstream financial markets. Increased institutional participation could follow, providing further liquidity and stability for the asset.

The ETF’s approval process remains uncertain, but experts highlight regulatory trends that favor cryptocurrency investment products. Investors are closely monitoring SEC actions, as a positive decision could trigger a surge in Litecoin’s value. The cryptocurrency’s fundamentals, combined with ETF-related excitement, continue to shape market expectations.

LTC Price Action and Future Projections

Litecoin’s price has shown remarkable strength, rising 46% between February 2 and February 19, 2025. During the same period, its market capitalization has grown from $7 billion to over $10.2 billion. Currently, LTC is trading near the $130 resistance level, a critical point for its short-term trajectory.

Technical analysis indicates that Litecoin is moving within a rising wedge pattern, signaling potential price volatility. Traders are closely watching the upper trendline, which could determine whether Litecoin breaks past resistance levels. A confirmed breakout could pave the way for a rally toward $200 and beyond.

Market sentiment remains optimistic, with analysts citing strong momentum and increasing interest from institutional investors. If regulatory approvals align with market trends, Litecoin’s price could experience significant gains. 

Ethereum’s Slow Uptrend Persists, but Is It Losing Its Market Edge?

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  • Ethereum retested key support levels, including the 200-week EMA, and bounced back, keeping its bullish structure intact.
  • Ethereum’s transaction fees have dropped to multi-year lows, improving network efficiency and making the blockchain more competitive.
  • ETH is priced at $2,804.55, and it has gained 2.24% in the last 24 hours and 3.32% over the past week.

Ethereum (ETH) recently retested key support levels, including the 200-week exponential moving average (EMA), and bounced back, maintaining its overall uptrend structure. Despite the slow movement, market analysts remain divided on the cryptocurrency’s future trajectory, with some expecting a significant rally while others caution against potential downside risks.

Ethereum’s Uptrend Remains Intact

Crypto analyst CryptoJelle noted that ETH recently took out its lows, tested a critical trendline, and rebounded. According to his analysis, the slow-moving uptrend remains intact, suggesting bullish momentum despite the sluggish pace. He believes bears will struggle to defend the $4,000 resistance level once again, indicating potential for further price appreciation.

Meanwhile, EGRAG CRYPTO provided a contrasting view, questioning Ethereum’s potential in the current cycle. His analysis suggests that Ethereum may underperform compared to other cryptocurrencies, with a maximum Fibonacci target between $6,000 and $8,000. He pointed out that Layer 2 scaling solutions have diverted significant value away from Ethereum’s main network, making alternative Layer 1 blockchains more attractive.

Ethereum’s Transaction Fees Hit Multi-Year Lows

MikybullCrypto analyzed Ethereum’s transaction fees, revealing a significant decline in costs. According to data from The Block, the 7-day moving average of Ethereum fees has reached its lowest levels since 2020. This marks a sharp contrast to the peak bull markets of 2021 and 2022 when fees exceeded $40-$50 per transaction due to network congestion from DeFi activity and NFT trading.

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Source: X

Since mid-2022, ETH fees have gradually decreased, driven by market corrections, its transition to proof-of-stake (The Merge), and increased Layer 2 adoption. By early 2025, network efficiency has improved, significantly reducing transaction costs for users. This could enhance Ethereum’s competitiveness and attract greater adoption.

Market Performance and Technical Indicators

ETH is currently priced at $2,804.55, reflecting a 2.24% gain in the last 24 hours and a 3.32% increase over the past week. With a circulating supply of 120 million ETH, its market capitalization stands at $338.18 billion.

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ETH/USD daily price chart, Source: Trading view

Technical indicators present a neutral-to-bullish outlook. The Relative Strength Index (RSI) is at 47.90, suggesting neutral momentum with room for further upside. Additionally, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, signaling potential upward movement.

ETH Derivatives and Liquidations

According to Coinglass data, ETH’s derivatives market has experienced notable activity. Trading volume surged by 25.79% to $28.18 billion, while open interest increased by 4.16% to $25.76 billion. Options volume also rose 7.15% to $688.55 million, though options open interest declined by 6.07% to $6.62 billion.

Liquidation data indicates that short positions suffered greater losses, with total rekt amounts reaching $47.77 million over 24 hours. Short liquidations totaled $33.99 million, while long positions faced relatively smaller losses.

MANTRA (OM) Faces Selling Pressure as Whale Offloads $37.75M—Will $7.30 Support Hold?

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  • Manifold Trading’s OM exit locks in a massive 134x return on investment.
  • MANTRA struggles at $7.30 support as selling pressure and volume decline persist.
  • RSI nears overbought, while MACD hints at slowing bullish momentum for OM.

Manifold Trading recently moved its remaining 5 million MANTRA tokens, worth approximately $37.75 million, to Binance. According to OnchainDataNerd, this marks the final phase of its investment strategy, which began nine months ago with an accumulation of 9.33 million OM tokens for just $378,000. 

Since then, the trader sold 4 million MANTRA for $13.27 million. If the remaining 5 million OM are sold at the current price of $7.37, the total profit would reach $50.64 million, delivering an impressive 134x return on investment.

Key Price Levels and Market Trend

OM has faced selling pressure, dropping 2.93% in the last 24 hours. The token’s price remains in a short-term downtrend, characterized by lower highs and lower lows. A key support level has formed at $7.30, which has held against recent declines. 

However, a break below this level could trigger a deeper pullback toward $7.20. On the upside, MANTRA faces immediate resistance at $7.60. If the price can surpass this level, it may target the $7.75-$7.80 range.

Market Sentiment and Trading Activity

The decline in MANTRA’s price aligns with a broader drop in trading activity. Trading volume has fallen significantly, plunging 58.77%, indicating weaker momentum. Additionally, the token’s market capitalization is down 2.90%, reflecting continued selling pressure. 

Coinglass data indicate that the derivatives market has also weakened, with trading volume down 52.30% to $285.24 million, while open interest decreased by 8.40% to $429.70 million. This suggests a cautious stance among traders as they await further price action.

Technical Indicators and Future Outlook

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OM/USD daily price chart, Source: Trading view

The Relative Strength Index (RSI) currently stands at 69.20, hovering near the overbought territory. This suggests that while bullish momentum persists, a period of consolidation or a minor pullback could occur before another leg up. 

The Moving Average Convergence Divergence (MACD) presents a bullish crossover, with the MACD line at 0.7530 above the signal line at 0.6717. However, the flattening histogram at 0.0813 suggests momentum may slow down.

Coinbase CEO Calls Bitcoin a Meme Coin, Sparks Crypto Debate

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  • Coinbase CEO Brian Armstrong says Bitcoin shares traits with meme coins.
  • He believes Bitcoin gained popularity through community-driven hype and internet culture.
  • Armstrong highlights the role of meme coins in blockchain and digital ownership.

Coinbase CEO Brian Armstrong has provided insights into the evolving role of meme coins, emphasizing their cultural and technological significance. He noted that Bitcoin itself could be considered a meme coin, given its origins and widespread influence. His statements come amid increased meme coin speculation and regulatory concerns over digital assets.

Bitcoin as a Meme Coin

Brian Armstrong stated that Bitcoin shares characteristics with meme coins due to its strong community-driven appeal. He explained that while Bitcoin has a serious financial purpose, its adoption also stems from cultural trends. He argued that its rise parallels the way meme coins gain traction through internet culture and social movements.

Armstrong pointed out that Bitcoin’s recognition started as an online phenomenon before becoming a global financial asset. Armstrong acknowledged that Bitcoin has matured into a legitimate investment, yet it retains its cultural significance. He emphasized that Bitcoin’s virality and early adoption bear similarities to modern meme coins.

Despite Bitcoin’s success, Armstrong believes it still benefits from internet-driven hype and community enthusiasm. He stated that meme coins often follow the same trajectory of gaining social momentum before acquiring real-world utility. He concluded that both Bitcoin and meme coins share the potential to influence financial markets and digital ownership models.

Armstrong Highlights Growth of Meme Coins

Armstrong acknowledged the rapid rise of meme coins, including Dogecoin and newer assets like LIBRA, TST, and BROCCOLI. He suggested that meme coins could play a role in the tokenization of digital assets and intellectual property. He explained that they may enable new use cases in social media, entertainment, and online communities.

He also recognized the risks associated with low-quality and fraudulent meme coins in the market. Furthermore, he stressed the need for users to remain cautious while engaging in speculative digital assets. Armstrong urged the community to focus on innovation while eliminating bad actors from the space.

Coinbase has positioned itself as a platform that provides access to legally compliant meme coins. Armstrong confirmed that Coinbase will continue listing assets that meet regulatory standards while ensuring user safety. He reiterated that Coinbase will not support scams or projects engaging in illegal activities.

Meme Coins Spark Talks on Stronger Rules

The rise of meme coins has triggered discussions about stronger regulations. Armstrong emphasized the importance of establishing clear policies for the digital asset industry. He expressed support for congressional efforts to introduce crypto regulations that protect investors while fostering innovation.

He highlighted the role of crypto networks in shaping the future economy. Armstrong projected that blockchain could power up to 10% of global GDP with proper regulatory support. He encouraged policymakers to create a framework that enables sustainable growth in the crypto industry.

Kraken Eyes Indian Market Revival Amid Tougher Crypto Regulations

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  • Kraken is preparing to re-enter the Indian market by securing necessary licenses.
  • The company has appointed Vishesh Khurana as an advisor for local operations.
  • Khurana is also leading a $250 million India-focused fund at Tribue Capital.

San Francisco-based cryptocurrency exchange Kraken is preparing to re-enter the Indian market. The company is working on obtaining the necessary licenses to resume operations in compliance with local regulations. It has appointed Vishesh Khurana as an advisor to lead its local operations and facilitate engagement with Indian authorities.

Kraken Taps Vishesh Khurana for India Strategy

Vishesh Khurana, co-founder of Shiprocket, advises Kraken as it prepares to re-enter India. He continues to expand his investment portfolio, having joined Silicon Valley-based Tribue Capital to lead its first India-focused alternative investment fund. The fund, valued at $250 million, is part of the firm’s broader $1.6 billion investment portfolio.

Despite his transition to venture capital, Khurana remains an advisor at Shiprocket, a logistics startup valued at $1.2 billion. Shiprocket is preparing for an IPO, while Khurana continues his role as an active angel investor. He has invested in over 50 early-stage startups, including Jimmy’s Cocktail, Arata, and UrbanPiper.

His involvement with Kraken aligns with his broader investment interests in India’s fintech and crypto sectors. The exchange aims to leverage his expertise in business scaling and regulatory navigation. His advisory role will accelerate Kraken’s licensing process and engagement with local authorities.

India’s FIU Cracks Down on Crypto Exchanges

Kraken was among several foreign exchanges banned in India due to non-compliance with anti-money laundering regulations. The country’s Financial Intelligence Unit (FIU) took action against offshore exchanges for failing to meet taxation and compliance requirements. Authorities had previously issued notices for unpaid Goods and Services Tax (GST) amounting to $345 million from seven platforms, including Kraken.

Kraken must comply with the Prevention of Money Laundering Act (PMLA) and other financial laws to resume operations. Several crypto exchanges, including Binance and KuCoin, have already obtained clearance from the FIU to re-enter the market. Kraken plans to follow a similar process to secure approvals and ensure a smooth return.

Indian regulators remain focused on tightening compliance frameworks for digital assets. The government has emphasized that foreign crypto firms must adhere to strict taxation policies. Kraken’s ability to align with these requirements will determine the success of its re-entry into the Indian market.

Coinbase and Kraken Plan India Comeback

Kraken’s plans come as other global exchanges explore ways to re-enter India’s growing crypto market. Coinbase has also initiated discussions with Indian regulators about complying with local laws before resuming operations. The regulatory landscape is evolving, with exchanges adapting to stricter compliance measures.

The Indian government continues to refine its policies on cryptocurrency taxation and reporting. The latest budget proposal includes classifying virtual digital assets as undisclosed income, and increasing tax obligations for crypto holders. These measures follow the existing 30% tax on crypto earnings and anti-money laundering regulations introduced earlier.

Global trends and evolving policies in major markets influence India’s stance on digital assets. Economic Affairs Secretary Ajay Seth acknowledged that India is reassessing its approach to crypto regulation. The government aims to balance innovation and financial security while monitoring international regulatory developments.

Ripple Executive Slams SEC’s ‘Wasteful’ Enforcement Actions

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  • Stuart Alderoty, Ripple’s chief legal officer, criticized the SEC for filing enforcement actions after the DOJ had taken legal steps.
  • He believes these follow-on cases add little value, waste resources, and fail to protect investors effectively.
  • The SEC has frequently mirrored the DOJ’s actions, including in the FTX case involving Sam Bankman-Fried.

Stuart Alderoty, chief legal officer at Ripple, has criticized the U.S. Securities and Exchange Commission (SEC) for duplicating enforcement efforts. He pointed out that the SEC frequently files civil cases after the Department of Justice (DOJ) has already taken action. He argued that these follow-on cases add little value, waste resources, and fail to protect investors.

SEC’s Repeated Actions Add Little Value

Alderoty highlighted that the SEC often follows the DOJ by filing civil securities fraud charges, which he considers redundant. He cited the FTX case as a key example where the SEC acted after the DOJ had already filed charges against Sam Bankman-Fried. He stated that these actions focus more on generating headlines than achieving meaningful regulatory outcomes.

The SEC’s enforcement strategy has drawn criticism from multiple legal experts within the cryptocurrency sector. Alderoty believes the agency should allocate resources to its primary mission instead of duplicating the DOJ’s efforts. He also noted that these civil cases often result in difficult-to-collect penalties.

The Ripple executive pointed to other cases where the SEC mirrored DOJ actions, such as the Coinbase insider trading lawsuit. He argued that if the DOJ declines to pursue securities fraud charges, the SEC should not step in simply to make a statement. Coinbase’s legal officer Paul Grewal also criticized the SEC for pursuing cases that lack substantial legal grounding.

SEC’s Crypto Enforcement Faces Growing Doubts

Alderoty has long called for the SEC to shift its focus away from non-fraud cryptocurrency cases. He stated that the agency should not pursue cases that do not involve clear fraud, as they only create regulatory uncertainty. His stance aligns with growing concerns in the crypto industry about regulatory overreach.

Former SEC official John Reed Stark recently suggested that the agency’s cryptocurrency enforcement is losing momentum. He claimed that the SEC’s efforts in the crypto sector have weakened, with fewer major cases being pursued. Alderoty predicted that the SEC may soon drop its appeal against Ripple, signaling a retreat from its aggressive stance.

As legal challenges mount, the SEC’s approach to crypto regulation remains under scrutiny. Experts have questioned whether the agency’s enforcement actions serve a genuine regulatory purpose or create unnecessary legal battles. The debate over the SEC’s role in the crypto industry continues, with calls for a more focused and effective approach.

Ripple and Coinbase Call for Regulatory Clarity

Alderoty’s remarks reflect broader frustrations within the cryptocurrency industry regarding the SEC’s regulatory strategy. He believes the agency should focus on protecting investors rather than engaging in high-profile legal disputes. He argues that the SEC’s enforcement actions have failed to provide clear guidelines for crypto companies.

Coinbase’s legal team has also pushed for a more transparent regulatory framework. Grewal criticized the SEC’s filing pattern of lawsuits, which lacked strong legal foundations. He emphasized that the DOJ’s decisions should be respected rather than contradicted by additional civil charges.

Ethereum Fees Drop to $0.41 – Will This Spark a Price Surge?

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  • Ethereum’s transaction fees hit a four-year low, boosting network efficiency.
  • Lower fees may not guarantee ETH’s recovery as network demand remains uncertain.
  • Derivatives data signals a bearish ETH trend despite recent price stability.

Ethereum’s average transaction fee has dropped to a four-year low of $0.41, sparking discussions about its potential impact on ETH’s price. This significant decline follows key network upgrades, particularly the Dencun upgrade, which has enhanced efficiency. 

However, analysts remain divided on whether this trend can fuel a sustained ETH price recovery. The broader crypto market has also reacted to Ethereum’s shifting landscape, with alternative blockchains gaining traction.

Ethereum’s Transaction Costs Hit a Multi-Year Low

According to crypto analyst Miles Deutscher, ETH’s network fees have reached their lowest levels since 2020. For comparison, transaction fees stood at $15.21 just two years ago. This drastic reduction highlights Ethereum’s improved scalability and reduced congestion.

However, Deutscher questions whether the fees will remain low in the long run. He noted that alternative blockchains now offer scalable and cost-effective transaction solutions, making Ethereum less dominant in decentralized finance (DeFi) and non-fungible tokens (NFTs). Consequently, some investors believe ETH could face challenges maintaining its competitive edge.

Can Low Fees Drive ETH’s Price Recovery?

The ETH market remains uncertain despite the fee reduction. While lower costs could encourage increased network usage, blockchain analytics firm Santiment suggests that reduced fees often indicate lower trading activity. Typically, low fees mean less congestion, implying fewer transactions and a potential decline in network demand.

Nevertheless, Santiment believes this could create a positive long-term outlook. As transaction costs remain low, users may return to the Ethereum network, increasing demand over time. Besides, the emergence of real-world asset (RWA) tokenization could drive new use cases for Ethereum, potentially reviving network activity and ETH demand.

Market Performance and Derivatives Data

Despite the transaction fee drop, ETH’s price has not seen a significant boost. ETH is currently trading at $2,715.78, reflecting a 0.31% decline in the past 24 hours but a 4.59% increase over the past week. Its market cap stands at $327.31 billion, with a circulating supply of 120 million ETH.

Coinglass Ethereum derivatives data indicate a bearish trend. Trading volume has dropped by 18.13% to $33.17 billion, while open interest fell by 1.13% to $24.32 billion. Moreover, options volume declined by 19.11% to $651.40 million, although options open interest saw a slight 1.18% rise to $6.85 billion.

Bitcoin Stays at 95K as Experts Predict Volatility or Breakout Ahead

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  • Bitcoin remains at $95,000 as investors analyze market stability and potential breakout levels.
  • Analysts see $95,000 as a critical threshold that could influence Bitcoin’s short-term movement.
  • BTC dipped below $95,000, leading to $340 million in liquidations within 24 hours.

Bitcoin (BTC) price remains at $95,000 as investors assess market stability and potential breakout levels. Analysts argue that this price level is a critical threshold that could determine Bitcoin’s short-term trajectory. Experts warn of increased volatility as market participants react to key cost basis levels across investor groups.

Short-Term Scenarios

Bitcoin’s price dipped below $95,000, triggering $340 million in liquidations within 24 hours. The Value Area Low (VAL) at $93,300 is a significant short-term support level. If BTC falls below this threshold, a deeper correction to $88,700 may follow.

Traders are closely watching the $86,000 level, which could lead to a long squeeze scenario. Analysts suggest that a sweep of this level may trigger a mean reversion trade, potentially pushing Bitcoin back toward $100,000. Increased selling pressure from short-term traders may drive further price action in the coming days.

Market sentiment remains divided, with some traders expecting a potential new all-time high in the short term. BTC’s price target of $120,000 is a conservative estimate for a bullish breakout. In an optimistic scenario, a surge between $150,000 and $200,000 remains possible if demand continues to rise.

Bitcoin May Bottom at 70K Worst Case

Analysts predict Bitcoin’s price cycle may peak in 2025, based on historical market trends. The Mars-Vesta cycle analysis suggests October 6, 2025, as a potential cycle top. This projection aligns with previous BTC bull markets, where price peaks followed halvings.

A worst-case scenario could see BTC forming a bottom between $75,000 and $70,000. This correction would resemble previous cycle patterns, where Bitcoin retraced significantly before recovering. Long-term investors remain cautious, considering the potential downside risk if market conditions shift.

Despite volatility, BTC’s long-term outlook remains positive, with price expectations ranging between $120,000 and $150,000. Institutional adoption and macroeconomic factors continue to support BTC’s upward trajectory. Analysts highlight that the current cost basis levels align with historical accumulation phases.

Balancing Risk and Opportunity

Institutional investors hold BTC at an average cost basis of $89,000, making this a crucial support level. Retail traders on Binance acquired BTC at $59,000, while mining firms have an average cost basis of $57,000. A breach below $57,000 has historically triggered bear market conditions, raising concerns for miners.

Michael Saylor’s MicroStrategy accumulates Bitcoin, reinforcing corporate confidence in the asset. The company announced plans to raise $2 billion to increase its BTC holdings. Saylor’s strategy highlights the growing trend of institutional adoption and Bitcoin’s role in global treasury management.

BTC’s current price range between $57,000 and $95,000 remains critical for traders and long-term investors. Analysts emphasize the importance of monitoring key levels to navigate potential volatility. 

LIBRA Whale Loses $2.78 Million Following Javier Milei’s Retweet

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  • Whale Loses $2.78M on LIBRA Amid Hype Fueled by Argentina’s President Milei
  • Price surges 50% before crashing, exposing extreme market instability.
  • Milei denies wrongdoing, says crypto can support Argentina’s entrepreneurs.

A whale attempting to profit from the recent hype around the LIBRA meme coin suffered a significant loss of $2.78 million. The investor made two unsuccessful trades following a retweet by Argentina’s President Javier Milei, who shared information about buying LIBRA. The post led to sharp price fluctuations, causing the whale to exit both trades at substantial losses.

LIBRA Whale Faces Major Losses

Lookon-chain data reveals that the whale initially spent 17,450 SOL, worth approximately $3.25 million, to acquire LIBRA tokens. However, the trade ended in a massive loss as the whale later sold the holdings for just 3,200 SOL, or $595,000. This resulted in a staggering 14,250 SOL loss, equivalent to $2.65 million.

In an attempt to recover, the whale re-entered the market after President Milei’s retweet about LIBRA. The investor purchased an additional 2,855 SOL ($531,000) worth of the token. 

Unfortunately, this trade also turned negative, as the whale exited the position with only 2,159 SOL ($412,000), suffering another loss of 696 SOL ($129,000). Consequently, both trades combined led to a total loss of $2.78 million.

LIBRA Price Surges and Crashes

Following Milei’s retweet, LIBRA’s price soared to $0.75 in minutes before experiencing a sharp decline of 50% within hours. The token’s rapid movement showcased the extreme volatility caused by the President’s indirect endorsement. 

As of press time, LIBRA is trading at $0.1041, reflecting a 2.98% decline in the last 24 hours. Despite the weekly 12.70% increase, the token remains unpredictable.

Market data indicates that the Libra Protocol has a 24-hour trading volume of $12.34 million. However, its market capitalization is not available as the circulating supply has not been reported. Investors remain cautious as the token continues to experience sharp fluctuations.

President Milei Defends His Position

Amid growing concerns over the LIBRA scandal, President Javier Milei has denied any wrongdoing. He acknowledged meeting with the token’s creators but emphasized that his intent was never to persuade people to invest. Instead, he stated that his goal was to raise awareness about Argentine businesses adopting cryptocurrency.

During an interview with Todo Noticias, Milei highlighted that he is a technology enthusiast who sees crypto as a tool to finance entrepreneurial projects. His defense follows growing criticism and legal challenges, with some calling for his impeachment over the controversy.

Trend of Celebrity Meme Coins

Celebrity-linked meme coins have been gaining attention, with some experiencing explosive growth before crashing. A notable example is Donald Trump’s TRUMP token, which saw an initial surge but has since plummeted 80% from its peak. Despite this, some analysts remain bullish, predicting a possible price increase to $50 by the end of February.

Ethereum ETFs Surge $393M While Bitcoin ETFs Face Crisis

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  • Ethereum ETFs in the U.S. recorded $393 million in inflows this month, showing strong investor confidence in Ethereum.
  • Bitcoin ETFs faced $376 million in outflows, indicating a shift in investor sentiment away from Bitcoin.
  • Carry trading strategies and bullish sentiment increased demand for Ether ETFs.

Investor sentiment has shifted in the cryptocurrency market, with Ethereum ETFs seeing significant inflows while Bitcoin ETFs record outflows. Ether ETFs in the U.S. have attracted $393 million this month, whereas bitcoin ETFs have lost $376 million. The market remains volatile, but analysts expect ether’s price to rise due to upcoming network upgrades and institutional interest.

Ethereum ETFs See Strong Inflows Despite Market Volatility

Ethereum ETFs have experienced a surge in demand, with cumulative inflows reaching $393 million in February. This figure is seven times higher than January’s inflows, reflecting growing investor interest. The funds recorded outflows on only two trading days, indicating sustained confidence.

Carry trading strategies have contributed to the rising inflows, as traders capitalize on market inefficiencies. Investors purchase spot ETFs while shorting ether futures on the Chicago Mercantile Exchange. Some inflows stem from bullish sentiment, with traders positioning themselves for potential gains.

Despite the strong inflows, ether’s price remains range-bound between $2,600 and $2,800. The February 3 price crash to $2,000 did not deter investors, as they continue to shift toward ether. Analysts anticipate future price increases, driven by Ethereum’s network upgrades and rising institutional adoption.

Bitcoin ETFs Face Continued Outflows Amid Weak Sentiment

Bitcoin ETFs in the U.S. have suffered net outflows of $376 million this month, signaling declining investor confidence. These funds have seen inflows on only four trading days, showing weak demand. This trend contrasts with the positive momentum observed in Ethereum ETFs.

Market conditions have remained unfavorable for Bitcoin, with the cryptocurrency trading below $100,000. Volatility in memecoins and shifting investor interest have contributed to its lackluster performance. Traders are diversifying into ether, which offers new growth prospects.

Bitcoin ETFs initially attracted strong inflows when they launched, but recent trends indicate a cooling period. The shift toward ether suggests that investors are looking for alternative opportunities. Institutional players may reconsider their Bitcoin holdings as market dynamics evolve.

Ethereum’s Pectra Upgrade Could Drive Future Gains

Ethereum’s upcoming Pectra upgrade, scheduled for April 8, is expected to improve network performance and enhance staking mechanics. The upgrade aims to optimize execution and consensus layers, boosting efficiency. These improvements could help Ethereum compete with rival Layer 1 blockchain like Solana.

Ethereum founder Vitalik Buterin has proposed a 10x increase in the Layer 1 gas limit. This change would enhance application development and network security, making Ethereum more attractive to developers and businesses. The ETH Foundation’s recent $120 million investment in DeFi projects further underscores its commitment to innovation.